Tupelo Data Room
Storage Facilities & Warehouses, Other Transportation & Storage
Active

Profitable Commercial Warehouse with 196,775 Total SF

Michigan, United States
Asking Price$3.60m
Revenue$524k
EBITDA-
Cash Flow$347k
Description
We are representing an owner of two profitable adjacent commercial warehouses who is seeking 100% sale of their properties. The properties have historically performed very well including the recent 2021 fiscal year end. The warehouses have produced consistent cash flow and profitability to the current owner. The properties are not currently 100% occupied, there is significant opportunity for additional long term leased income. The warehouses have a total square footage of 196,775 SF with an additional 36,458 SF or .84 acre of outside fenced in storage area. The A rated long term significant tenant just renewed a lease for 5 years extends to 2026.
Business is
Absentee Owner
Number of EmployeesFull-Time: 2
Year Established
1925
Reason Selling
The owner is planning to retire.
Facilities & Assets
The warehouses are located in Mid-Michigan, Building A consists of 62,362 SF, Building B has two levels consisting of 132,113 SF, and connector between the building is 2,300 SF. The buildings have 400amp electrical service, city water, and sewer. Consumers Energy gas, 4 docks with levelers, 10'-14' clear span with some areas 12'-14'. Column space 20'X40', 2 overhead doors. Building B has 1500 square feet of offices, restrooms and breakroom, sprinkler system for fire protection, security electronically monitored and Building A has 800 Square foot offic
Support & Training
Ownership is willing to provide assistance during the transition period.
Market & Competition
1)The warehouses are located in Mid-Michigan near I94 and US 127. 2)The long-term A rated significant tenant just renewed their lease for another 5 years, which includes cartage revenue and billable labor.
Growth Opportunities
1)There is rental income opportunity to lease additional square footage both inside and outside of the facilities. The outside rental space 36,458 SF or .84 acres of fenced storage area. 2) Website and marketing improvements such as optimizing the Company’s website for Google Ads, improving page loading times, and Search Engine Optimization (SEO) could bolster the Company’s overall marketing presence.
Asking Price$3.60m